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Today in legal history...

Thursday, May 06, 2010

Bank of England granted political independence
Andrew Morgan at 8:13 AM ET

On May 6, 1997, British Chancellor of the Exchequer Gordon Brown announced that the Bank of England would be granted political independence for the first time in the three-hundred year history of the Bank. This policy was statutized in the subsequent Bank of England Act of 1998 gave the Bank independent control of British monetary policy effective June 1, 1998.

Learn more about the Bank of England Act of 1998 from the Treasury of the United Kingdom.

Link post | IM post | go to JURIST | © JURIST, 2010


 UK returns Hong Kong to China
July 1, 2016

 President Lincoln signed first US federal income tax act
July 1, 2016

 click for more...


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